PRs must sell flat after buying private property – Condo for rent in Singapore

PRs must sell flat after buying private property – Condo for rent in Singapore

PRs owning HDB flats must sell their flat after purchase of private residential property in Singapore.Condo for rent in Singapore

  • From 12 January 2013, PR households must dispose their HDB flats within six months of purchasing a private residential property in Singapore.
Type of Private Residential Property inSingapore Treatment
Completed PR flat owners must dispose their HDB flat within six months of completion of purchase of the private property.
Uncompleted PR flat owners must dispose their HDB flat within six months of granting of Temporary Occupation Permit or Certificate of Statutory Completion, whichever is earlier. This applies even if the PR flat owner had disposed the uncompleted private residential property before that.

 

Source: MAS

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